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$4,200,000
36 Days On Site
285 22ND AVELongview, WA 98632
For Sale|Multi Family|Active
9
Beds
6
Full Baths
0
Partial Baths
18,400
SqFt
$228
/SqFt
2023
Built
County:
Cowlitz
Listing courtesy of April Treacy of Keller Williams Realty 3602139444
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Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor’s dream. Built in 2023 these 16 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder’s warranty in 2024. Fire sprinklers! Offers a remarkable 6.5% Cap Rate on Year 1 stabilized, 11.5 GRM & 24% Expense Ratio. 100% occupancy w/ tenant wait list. Mostly market rate tenants but also Section 8 approved, for consistent income. Option for 1-3 more fourplex under devt, if larger portfolio is desired. Offering is for portfolio of 4 fourplexes but open to offers for individual 4plex(es). Addresses: 285 22nd Ave, 263 20th Ave, 259 20th Ave, 257 20th Ave. All separate parcels.
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Listing Snapshot
Price
$4,200,000
Days On Site
36 Days
Bedrooms
9
Inside Area (SqFt)
18,400 sqft
Total Baths
6
Full Baths
6
Partial Baths
N/A
Lot Size
N/A
Year Built
2023
MLS® Number
24254219
Status
Active
Property Tax
$26,925
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 6 days ago | Listing updated with changes from the MLS® | |
| a month ago | Listing first seen on site |
General Features
Foundation
Concrete Perimeter
Number Of Stories
2
Parking
Paved
Parking Spaces
16
Property Sub Type
Multi Family
Sewer
Public Sewer
SqFt Total
18400
Zoning
4 plex
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Exterior Features
Roof
Composition
Community Features
Financing Terms Available
CashConventionalFHAOwner Will Carry
MLS Area
_82
Roads
Paved
Schools
School District
Unknown
Elementary School
Kessler
Middle School
Monticello
High School
RA Long
Listing courtesy of April Treacy of Keller Williams Realty 3602139444
The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2024 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
This content last updated on 2024-10-29 05:00 PM PDT.
All information provided is deemed reliable but is not guaranteed and should be independently verified
The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2024 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
This content last updated on 2024-10-29 05:00 PM PDT.
All information provided is deemed reliable but is not guaranteed and should be independently verified
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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